Latest POSCO News and Updates
Must-know: Why did the Indian rupee free-fall in 2013?
India’s current account deficit rose to 4.8% of GDP in 2012–2013, largely financed through hot money flows, and exceeded the government’s target level of 2.5% to 3% of GDP.
Why Investors Shouldn’t Fret over MT’s Negative Free Cash Flow
In this article, we’ll look at ArcelorMittal’s 1Q17 cash flow and leverage positions. As of the end of 1Q17, ArcelorMittal had net debt of $12.1 billion.
Can ArcelorMittal Succeed in India by Acquiring Essar Steel?
ArcelorMittal’s (MT) subsidiary ArcelorMittal India Private Limited has made a bid to acquire troubled Indian steelmaker Essar Steel.
Key Drivers of ArcelorMittal’s 4Q17 Revenues
ArcelorMittal (MT) reported revenues of $17.7 billion in 4Q17. The company posted revenues of $17.6 billion in 3Q17 and $14.1 billion in 4Q16.
Iron Ore Prices Could React to China’s Demand and Supply Dynamics
Generally, steelmaking raw materials and steel prices tend to move in tandem. Steel prices react to changes in raw material prices and vice versa.
Size Matters: Which Are the Top 10 Steel-Producing Companies?
In this series, we’ll look at the top ten companies in the global steel industry based on steel production, steel consumption, and steel imports.
How China Could Affect the Steel Industry’s 4Q16 Outlook
Because China is the world’s largest steel consumer, it’s important for investors in companies such as U.S. Steel, ArcelorMittal, POSCO, and Gerdau to keep track of the Chinese steel industry.
How Brazil and Mining Added Flavor to ArcelorMittal’s 2Q Performance
In 2Q16, ArcelorMittal’s Mining segment generated an EBITDA of $163 million as compared to $98 million in the sequential quarter.
Why China Is Churning Out More Steel This Year
China produced 70.5 million metric tons of steel products in May 2016, according to data released by China’s National Bureau of Statistics.
Are There Any Relative Opportunities in the Steel Industry?
May is turning out to be a rough month for steel companies as concerns over the health of the world’s second-largest economy have resurfaced.
Must-Know Facts about PRASX
PRASX has existed since September 1990 and has an expense ratio of 0.94%. A minimum of $2,500 is required to invest in this fund.
FuelCell Energy Relies Heavily on Strategic Partners for Funding
FuelCell Energy (FCEL) relies heavily on its strategic partners for its financing needs through revolving credit facilities.
FuelCell Energy’s Service Revenues Down, Product Revenues Up
FuelCell Energy (FCEL) reported total revenues of $51.5 million for fiscal 4Q15 compared to $54.4 million for fiscal 4Q14.
No Early Respite for US Steel Producers as Prices Tank Globally
Chinese steel prices have continued to slide in November. Chinese steel mills lost $35 per ton on average in 3Q15.
Construction Spending Surges past the $1 Trillion Mark
May construction spending data, released on June 1, came in at a SAAR of $1.04 trillion. This is the second straight month where construction spending has passed $1 trillion SAAR.
China’s Real Estate Climate Index Touches Multi-Year Low in May
China’s real estate climate index has fallen every month but October since February 2014. The index dipped to 92.43 in May, a new multi-year low.
US Construction Spending Increased 2.2% in March
In the latest reading in March, total construction spending increased 2.2% on a YoY basis. However, it declined slightly from February.
Steel Scrap Prices Moved Sideways in April
Steel scrap prices tanked by more than 25% in February. This helped mini mills. They were at a competitive disadvantage due to the decline in iron ore and coal prices.
US Housing Starts Decline For 2 Consecutive Months
March housing starts declined 3.5% on a YoY basis. In February, housing starts dropped by 2.3%. The data was released on April 16. It was lower than expected.
Chinese Steel Demand Indicators Trend Lower in March
The construction sector accounts for more than half of China’s steel demand, as it uses steel products like rebars, decks, and joists.
Can India Lead the Global Steel Industry in the Next Decade?
Edwin Basson, the Director General of WSA, expects another 400 million tonnes of steel demand—led largely by India (EPI).